Hispanic & Asian Buying Power Expected to Surge

Although the Great Recession has hit Hispanics and Asians particularly hard, their buying power is expected to grow rapidly during the next several years, according to the annual minority buying power report released today by the Selig Center for Economic Growth in the University of Georgia Terry College of Business.

“Despite the recession, the underlying growth trends for Hispanics and Asians in the U.S. are still very strong,” said Jeff Humphreys, director of the Selig Center and the author of the report. “Minorities have a lot of economic clout, and these groups in particular are experiencing growth in buying power that greatly exceeds that of the general population.”

About the Multicultural Economy Report

Since 1990, the annual Multicultural Economy report produced by the Selig Center for Economic Growth has provided a comprehensive overview of the buying power of African Americans, Asians, Hispanics and Native Americans and for the U.S. and all the states. To purchase the full report, visit the Selig Center website: http://www.terry.uga.edu/selig/.

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